Preserving Capital through Bankruptcy
The beauty of capitalism is the adjustments that entrepreneurs make to use existing capital stock…
Continue readingDoug French
Toilet Paper Rolls Are Getting Smaller: Blame The Fed
Don’t blame Charmin…
Continue readingWhy Are Thieves Stealing So Many Catalytic Converters?
US car owners are being preyed upon by thieves, because South African mine owners are…
Continue readingInvestors Are on the Lookout for a Crash, But Prices Keep Going Up
With the country just emerging from lockdown, where’s the crash already?
Continue readingWith Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble
Since 2008, everyone has been on bubble watch. The price of anything goes up, for any sort of reason, and it’s…
Continue readingSince When Is a Half-Point Rate Hike (2 Years from Now) “Hawkish”?
Since when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?
Continue readingThe Rise In Prices: Transitory Inflation or Stagflation?
Chairman Powell can shout from atop his ivory tower that inflation identifies as transitory, but stagflation is…
Continue readingPrice Discovery is Alive and Well in Crypto
There will be a day when the Fed, Treasury and SEC stick their long regulatory snouts into crypto. It may not mean the digital party is over, but the…
Continue reading“Mom Jeans” Are Now an Economic Indicator
The monetary world has changed mightily while fashions have changed. Hemlines go up and down, jeans from skinny to boxy. The money…
Continue readingInflation Is Popular. It’s Great If You’re Already Rich.
Venezuela’s well-to-do survive and possibly thrive, while the poor starve. And, for Nobel laureates and Fed chairmen that’s just fine. The US has…
Continue readingThe Real Estate Boom in Vegas Is More Frenzied Than Ever
The raging housing market made the front page of the Las Vegas Review-Journal three days last week, with headlines like…
Continue readingThe Fed Embraces Its Inner Zimbabwean
While we’re told there’s a pent-up demand for travel, people’s phones and trading apps will still be close by, begging for…
Continue readingThe Plan to Save the Postal Service by Making It Even Worse
Using the same logic as shooting a hole in the barn and then painting the target around it…
Continue readingStagflation Cometh
If zero interest policies and other forms of financial repression were not hard enough on the average person, wait till they’re…
Continue readingThe Dollar’s Reserve Currency Status Won’t Last Forever
The Fed fiddles while the dollar burns…
Continue readingLow Rates and Limited Liability Mean Hot Markets
The taxpayer is backstopping more credit risk than ever…
Continue readingThe Upside of Lockdowns: More Saving
Something good is coming out of the covid lockdowns…
Continue readingToday’s Negative Rates Are the Path to Poverty
If interest rates are not set by the free market, there is no freedom…
Continue readingRich Millennials Plot the End of Civilization
We can only thank goodness the parents of these young people believed in serving customers and saving their wealth. This wealth was…
Continue readingThe Weirdest, Most Distorted Economy Ever
Between the Federal Reserve, Congress, and Covid, navigating the business cycle is equivalent to sneaking through a house of mirrors…
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